Homework Answers
| North | South | |
|
ROA [ Net income/Total assets ] |
13.33% |
60.00% |
|
ROE [ Net income/Total equity ] |
20.00% |
100.00% |
|
Profit margin [ Net income/Sales ] |
8.00% |
15.00% |
|
Fixed assets turnover [ Sales/Fixed assets ] |
4.29 |
6.67 |
| Working note | ||
| North | South | |
|
Total Equity [ Total assets - Total liabilities ] |
240000 |
60000 |
Note : In the absence of any information about rounding off, the answers are rounded off to 2 decimal places.
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5. Selected operating data for two divisions of Ashley Company are given below: NORTH soUTH Sales...
5. Selected operating data for two divisions of Ashley Company is given below: NORTH SOUTH Sales...
5. Selected operating data for two divisions of Ashley Company is given below: NORTH SOUTH Sales 720,000 600,000 Total Assets 360,000 200,000 Fixed Assets 140,000 150,000 Total Liabilities 120,000 140,000 Long-Term Liabilities 80,000 20,000 Net income 72,000 48,000 Calculate ROA, ROE, Profit Margin and Fixed Assets Turnover for both the North and South divisions.
5. Selected operating data for two divisions of Ashley Company are given below: NORTH SOUTH Sales...
5. Selected operating data for two divisions of Ashley Company are given below: NORTH SOUTH Sales 840,000 600,000 Total Assets Fixed Assets Total Liabilities Long-Term Liabilities Net income 360.000 140,000 120.000 80,000 72,000 400,000 150,000 150,000 50.000 48.000 Calculate ROA, ROE, Profit Margin and Fixed Assets Turnover for both the North and South divisions (2 points)
Presented below is selected information for three regional divisions of Medina Company. Divisions North West South...
Presented below is selected information for three regional
divisions of Medina Company.
Divisions
North
West
South
Contribution margin
$299,000
$499,100
$400,800
Controllable margin
$139,500
$361,100
$208,500
Average operating assets
$930,000
$1,570,000
$1,390,000
Minimum rate of return
13
%
14
%
8
%
Compute the return on investment for each division.
North Division
%
West Division
%
South Division
%
LINK TO TEXT
Compute the residual income for each division.
North Division
$
West Division
$
South Division
$
LINK TO...
Presented below is selected information for three regional divisions of Medina Company. Divisions North West South...
Presented below is selected information for three regional divisions of Medina Company. Divisions North West South Contribution margin $299,700 $499,800 $399,300 Controllable margin $140,000 $359,100 $208,600 Average operating assets $1,000,000 $1,890,000 $1,490,000 Minimum rate of return 12 % 15 % 8 % a) Compute the return on investment for each division. North Division % West Division % South Division % b) Compute the residual income for each division Compute the return on investment for each division. North Division $ West...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 864,000 $2,016,000 $ 540,000 $ 630,000 $ 60, 480 $ 80,640 $ 247.000 $ 197,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing...
Shannon Company segments its income statement into its North and South Divisions. The company's overall sales,...
Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $680,000, 60%, and $40,800, respectively. The North Division's contribution margin and contribution margin ratio are $210,000 and 75%, respectively. The South Division's segment margin is $58,000. The company has $68,000 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is...
Selected operating data for two divisions of Outback Brewing. Ltd. of Australia are given below. Sales...
Selected operating data for two divisions of Outback Brewing. Ltd. of Australia are given below. Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 1,375,000 $2.222.ee $ 550,000 $ 505,000 $ 96,250 $ 88,888 $ 255,200 $ 205,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover 2. Which divisional manager seems to be doing the...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 1,144,000 $2,220,000 $ 520,000 $ 600,000 $ 125,840 $ 177,600 $ 252.000 $ 202,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing the...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 1,711,000 $2,832,000 $ 590,000 $ 590,000 $ 102,660 $ 113,280 $ 259,000 $ 209,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing the...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 2,079,000 $ 3,224,000 $ 630,000 $ 620,000 $ 166,320 $ 209,560 $ 263,000 $ 213,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing...
5. Selected operating data for two divisions of Ashley Company are given below: NORTH SOUTH Sales 840,000 600,000 Total Assets Fixed Assets Total Liabilities Long-Term Liabilities Net income 360.000 140,000 120.000 80,000 72,000 400,000 150,000 150,000 50.000 48.000 Calculate ROA, ROE, Profit Margin and Fixed Assets Turnover for both the North and South divisions (2 points)
Presented below is selected information for three regional
divisions of Medina Company.
Divisions
North
West
South
Contribution margin
$299,000
$499,100
$400,800
Controllable margin
$139,500
$361,100
$208,500
Average operating assets
$930,000
$1,570,000
$1,390,000
Minimum rate of return
13
%
14
%
8
%
Compute the return on investment for each division.
North Division
%
West Division
%
South Division
%
LINK TO TEXT
Compute the residual income for each division.
North Division
$
West Division
$
South Division
$
LINK TO...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 864,000 $2,016,000 $ 540,000 $ 630,000 $ 60, 480 $ 80,640 $ 247.000 $ 197,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing...
Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $680,000, 60%, and $40,800, respectively. The North Division's contribution margin and contribution margin ratio are $210,000 and 75%, respectively. The South Division's segment margin is $58,000. The company has $68,000 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is...
Selected operating data for two divisions of Outback Brewing. Ltd. of Australia are given below. Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 1,375,000 $2.222.ee $ 550,000 $ 505,000 $ 96,250 $ 88,888 $ 255,200 $ 205,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover 2. Which divisional manager seems to be doing the...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 1,144,000 $2,220,000 $ 520,000 $ 600,000 $ 125,840 $ 177,600 $ 252.000 $ 202,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing the...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 1,711,000 $2,832,000 $ 590,000 $ 590,000 $ 102,660 $ 113,280 $ 259,000 $ 209,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing the...
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales Average operating assets Net operating income Property, plant, and equipment (net) Division New South Queensland Wales $ 2,079,000 $ 3,224,000 $ 630,000 $ 620,000 $ 166,320 $ 209,560 $ 263,000 $ 213,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing...
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